The Majority of Analysts Are Still Bullish on Casey’s General Stores, Inc. (CASY)

On Thursday, shares of Casey’s General Stores, Inc. (NASDAQ:CASY) marked $151.46 per share versus a previous $149.58 closing price. With having a 1.26% gain, an insight into the fundamental values of Casey’s General Stores, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. CASY showed a fall of -4.74% within its YTD performance, with highs and lows between $114.01 – $181.99 during the period of 52 weeks, compared to the simple moving average of -4.91% in the period of the last 200 days.

Stephens equity researchers changed the status of Casey’s General Stores, Inc. (NASDAQ: CASY) shares from “Overweight” to a “Equal-Weight” rating in the report published on April 1st, 2020. Other analysts, including RBC Capital Mkts, also published their reports on CASY shares. RBC Capital Mkts repeated the rating from the previous report, marking CASY under “Sector Perform” rating, in the report published on March 26th, 2020. Additionally, CASY shares got another “Buy” rating from Sidoti, setting a target price of $156 on the company’s shares, according to the report published in March 24th, 2020. On March 11th, 2020, Bernstein Initiated an Mkt Perform rating and increased its price target to $175. On the other hand, RBC Capital Mkts Downgrade the “Underperform” rating for CASY shares, as published in the report on August 29th, 2019. Gabelli & Co seems to be going bullish on the price of CASY shares, based on the price prediction for CASY. Another “Neutral” rating came from JP Morgan, providing a prediction for price target according to the report published in April 25th, 2019.

Casey’s General Stores, Inc. (CASY) Analysis

The present dividend yield for CASY owners is set at 0.01, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Casey’s General Stores, Inc., the company needs to provide a healthy cash flow, currently at the value of 289.74. In addition, the growth of sales from quarter to quarter is recording -16.80%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Casey’s General Stores, Inc. (CASY) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 16.80% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while CASY is currently recording an average of 308.26K in volumes. The volatility of the stock on monthly basis is set at 3.01%, while the weekly volatility levels are marked at 2.40%with 0.97% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $177.22, indicating growth from the present price of $151.46, which can represent yet another valuable research and analysis points that can help you decide whether to invest in CASY or pass.

What to Look for When Analyzing Casey’s General Stores, Inc. Shares?

Casey’s General Stores, Inc. (CASY) is based in the USA and it represents one of the well-known company operating with Consumer Defensive sector. If you wish to compare CASY shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 21.34 for Casey’s General Stores, Inc., while the value 21.66 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 7.10 is supported by the yearly EPS growth of 28.70%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.20%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 89.50% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in CASY Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in CASY in the recent period. That is how T. Rowe Price Associates, Inc. now has an increase position in CASY by 12.93% in the first quarter, owning 5.07 million shares of CASY stocks, with the value of $810 million after the purchase of an additional 580,544 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in CASY shares changed 1.40% in the first quarter, which means that the company now owns 4.03 million shares of company, all valued at $643.84 million after the acquisition of additional 55,646 shares during the last quarter.

SSgA Funds Management, Inc. acquired a new position in Casey’s General Stores, Inc. during the first quarter, with the value of $215.2 million, and Norges Bank Investment Management increased their stake in the company’s shares by 42.44% in the first quarter, now owning 152,928 shares valued at $81.99 million after the acquisition of the additional 513289 shares during the last quarter. In the end, SPF Beheer BV increased their position by 2.32% during the first quarter, now owning 464410 CASY shares, now holding the value of $74.18 million in CASY with the purchase of the additional 30,043 shares during the period of the last quarter. At the present, 89.50% of CASY shares are in the ownership of institutional investors.